Insurance
Part of the Banking, Finance & Insurance sector
Insurance transfers defined risks — to property, liability, people or operations — from a policyholder to a licensed insurer in exchange for a premium. This hub explains the main policy types and what to check when choosing an insurer or broker on Digibition.
Looking to source in this sector, or want your company to appear here? Browse the directory or list your company.
Overview
Insurance is a contract in which a policyholder pays a premium and, in return, an authorised insurer agrees to cover certain losses set out in the policy. For businesses, common lines include property and business-interruption cover, general and product liability, professional indemnity, cargo and marine, motor fleet, and employee-related cover. For individuals, lines include home, motor, travel, health and life.
What a policy actually covers is defined by its terms: the insured perils, the sums insured, deductibles or excesses, exclusions and conditions. Two policies with the same name can differ significantly, so the wording matters more than the label.
Insurance is a regulated activity. Insurers and intermediaries (agents and brokers) are authorised and supervised by a national insurance or financial authority. On Digibition, insurers, brokers and specialist providers can publish verified profiles so business users can discover and compare them by specialization and country.
What to check when sourcing
When you choose an insurer or broker, start with authorisation: confirm that the insurer is licensed to operate in your market and that any intermediary is properly registered. A verified directory profile helps you find providers, but it is not a statement about any policy or its suitability.
From there, compare the scope of cover against your actual exposures — the insured perils, sums insured, deductibles, exclusions and conditions — together with how claims are handled, the clarity of the policy wording, premium and fee transparency, and the provider’s complaints and compliance record. The cheapest premium is not always the broadest cover.
Use the directory to shortlist insurers and brokers by specialization and country, then request written terms and the full policy wording, and compare them carefully before deciding.
What to check when choosing an insurer or broker
| Criterion | What to look for |
|---|---|
| Authorisation | Insurer licensed in your market; any broker or agent properly registered |
| Scope of cover | Insured perils, sums insured and limits matched to your real exposures |
| Exclusions & conditions | What is not covered, plus deductibles, excesses and policy conditions |
| Claims handling | How claims are notified, assessed and paid, and typical timelines |
| Fees & transparency | Clear premiums, commissions and any administration charges |
| Compliance record | Regulatory standing and how complaints are handled |
Frequently asked questions
- What is insurance?
- Insurance is a contract in which a policyholder pays a premium and an authorised insurer agrees to cover certain losses defined in the policy. It transfers specific risks — to property, liability, people or operations — from the policyholder to the insurer under agreed terms.
- What are the main types of business insurance?
- Common lines include property and business-interruption cover, general and product liability, professional indemnity, cargo and marine, motor fleet, and employee-related cover. The right combination depends on a business and its exposures, which vary by activity and country.
- What is the difference between an insurer and a broker?
- An insurer is the company that carries the risk and pays valid claims. A broker or agent is an intermediary that helps arrange cover between you and insurers. Both are usually regulated, and an intermediary should disclose how it is remunerated.
- How do I find insurers and brokers on Digibition?
- Use the directory to filter by this specialization and by country, then open each company profile to review its services and specializations. You can message providers directly or add several to a quote list and request terms from all of them at once. The directory does not rank or endorse providers.
- How do I know a policy is right for me?
- Compare the cover against your actual exposures, read the insured perils, exclusions and conditions, and confirm the insurer is authorised in your market. Where the risk is material, consult a licensed insurance professional. This is general information, not financial, investment, legal, or tax advice.
Looking to source in this sector, or want your company to appear here? Browse the directory or list your company.
Important notice
This page is general industry information published by Digibition for educational purposes only. It is not legal, financial, tax, customs, regulatory, or other professional advice, and it is not a substitute for advice from a qualified professional. Standards, certifications, duties, taxes, and regulatory requirements differ between countries and markets and change over time; nothing here is guaranteed to be accurate, complete, or current. Verify any requirement independently with a qualified adviser and the relevant competent authority before you act. Digibition is an online company directory and digital-fair platform; it is not a party to any transaction between users and does not endorse, guarantee, or accept responsibility for any third-party company, product, claim, or certification. A company being reviewed or approved for listing refers only to Digibition's internal listing review and is not a warranty of that company's quality, legality, solvency, or performance. Any mention of specific standards or certifications is illustrative and is not an endorsement or a statement of compliance. To the fullest extent permitted by applicable law, Digibition accepts no liability for any loss or damage arising from reliance on this page; any reliance is at your own risk.